- Micron shares closed at $1,096.16, nearing $1,100, but the company has not announced a stock split.
- Fiscal Q3 earnings hit $24.67 per diluted share, with revenue surging to $41.5 billion and gross margin climbing to 84.6%.
- Micron has split its stock three times before, most recently in March 2000, and speculation centers on the September 30 earnings report.
- Wall Street’s one-year price target for Micron stands near $1,515, well above current trading levels.
Micron has not announced a stock split, and at the time of writing, nobody at the company has confirmed one is coming. However, shares closed Tuesday at $1,096.16, up 5%, after trading as high as $1,097.25, and that four-figure price naturally raises the question. Micron split its stock three times before, most recently in March 2000, and with the next earnings date approaching, investors are watching closely.
In the fiscal third quarter, ended May 28, 2026, Micron earned $24.67 per diluted share, up from $12.07 the quarter before, while revenue more than quadrupled to $41.5 billion. CEO Sanjay Mehrotra said the results reflect “the strategic value of memory in the AI era”. Micron will report fiscal fourth-quarter earnings on September 30, and that date would be the logical moment for a split announcement, though nothing on record suggests one is planned.
An actual split would not move the fundamentals, as the share count rises and the price drops by the same ratio, leaving every investor’s percentage stake unchanged. Fractional shares have also made the old argument for splitting mostly outdated, since brokers now let people buy a sliver of a stock for a dollar. At Micron‘s current valuation, trading around 24.77 times trailing earnings, a slowdown in profit growth already looks priced into the stock. Wall Street’s one-year price target sits near $1,515, well above current levels, and that forecast will ultimately matter more than any split.
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